TNT POST GROUP BUYS SCHRADER GROUP

TNT POST GROUP BUYS SCHRADER GROUP

   TNT Post Group, the parent company of the Dutch post office and international express carrier TNT, has acquired the Schrader Group, a German logistics provider with about $65 million annual sales.

   Schrader provides logistics services for consumer goods and retail products companies, including Bestfoods/Unilever and Max Bahr, as well as major automakers, including Volkswagen.

   TPG said the deal will help it to build a critical mass of customers in targeted European logistics markets and industry sectors.

   Schrader will continue to operate under its own brand name, led by Eckhard Schrader, managing director.